News stories for Wasim Iqbal - Business Recorder

Wasim Iqbal

IMF package: Government may revisit exemptions to Saudi oil, gas companies

Pakistan may be compelled to revisit some of the proposed special treatment(s) and/or exemptions to Saudi oil and gas companies' pledged investment in oil refineries and petrochemical sector in the light of the commitments made to the IMF, sources said.

Published 24 May, 2019 12:00am

Iranian petroleum products: Illegal cross-border trade causing Rs 60 billion losses to exchequer p.a.

The federal government has been facing revenue leakage of around Rs 60 billion annually from illegal cross-border trading of petroleum products at Pak-Iran border, which is increasing due to the US sanctions on Iran and exorbitant petroleum prices in the

Published 22 May, 2019 12:00am

Iranian petroleum products: Illegal cross-border trade causing Rs 60 billion losses to exchequer p.a.

Published 22 May, 2019 12:00am

Markets

SNGPL, SSGCL allowed increase in gas prices

The Oil and Gas Regulatory Authority (OGRA) has allowed Sui Northern Gas Pipelines Limited (SNGPL) an average gas price increase by 47 percent and Sui Southern Gas Company Limited (SSGCL) an average price increase by 28 percent for financial year 2019-20.

Published 18 May, 2019 12:00am

Markets

SNGPL, SSGCL allowed increase in gas prices

Published 18 May, 2019 12:00am

Markets

SNGPL, SSGCL allowed increase in gas prices

Published 18 May, 2019 12:00am

Markets

Sell-off of two power plants, two banks envisaged

The Privatisation Division has envisaged privatising two newly established RLNG-based power plants, SME Bank and First Women Bank, besides preparing revival plans for Pakistan Steel Mills (PSM) and Power Distribution Companies in financial year 2019-20.

Published 17 May, 2019 12:00am

Markets

Sell-off of two power plants, two banks envisaged

Published 17 May, 2019 12:00am

Markets

Sell-off of two power plants, two banks envisaged

Published 17 May, 2019 12:00am

July-September: PLL floats tenders for international bidders

Pakistan LNG Limited (PLL) has invited tenders for international bidders for spot purchase of liquid natural gas (LNG) for three months (July-September) amidst on-going price negotiation with Qatar for import of additional 400 mmcfd LNG.

Published 14 May, 2019 12:00am

Drilling up to 5500 feet in Kekra-1: Exxon Mobil may achieve target by end of May

Exxon Mobil, a US company, is likely to achieve the target of ultra deep drilling up to 5500 feet in Kekra-1 (Indus G Block) for oil and gas exploration by end of May, sources said. Officials of Petroleum Division said that work at Kekra-1 is progressing

Published 08 May, 2019 12:00am

Drilling up to 5500 feet in Kekra-1: Exxon Mobil may achieve target by end of May

Published 08 May, 2019 12:00am

Drilling up to 5500 feet in Kekra-1: Exxon Mobil may achieve target by end of May

Published 08 May, 2019 12:00am

OGDCL chief unveils strategy to reduce reliance on imports

Chairman Board of Directors of Oil and Gas Company Limited (OGDCL), Dr Qamar J Sharif, has unveiled a strategy for enhancing production to reduce reliance on energy imports. "We will focus on three key areas which include production, strategy and talent t

Published 05 May, 2019 12:00am

OGDCL chief unveils strategy to reduce reliance on imports

Published 05 May, 2019 12:00am

OGDCL chief unveils strategy to reduce reliance on imports

Published 05 May, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

The Oil and Gas Regulatory Authority (Ogra) has recommended the federal government to increase prices of all petroleum products up to 15 percent for the month of May. In the wake of increasing prices of crude oil globally, the oil and gas regulator has ca

Published 30 Apr, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

Published 30 Apr, 2019 12:00am

Ogra recommends 15 percent increase in POL prices

Published 30 Apr, 2019 12:00am

Shaikh to help resolve Etisalat dispute

The government of Pakistan Tehreek-e-Insaaf (PTI) will resume talks with the management of Dubai-based Etisalat for payment of outstanding dues under the newly-appointed Advisor to Prime Minister on Finance, Revenue and Economic Affairs Dr Abdul Hafeez Sh

Published 26 Apr, 2019 12:00am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Crude Oil USD/Barrel / May 14	79.23
Gold 10 Grams PKR / May 14	207733
Gold Spot USD/Ounce / May 14	2344.20
Cotton US¢/pound / May 14	77.55
Petrol/Litre / May 15	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 15 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 15 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 15 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 15 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 15 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 15 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 15 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 15 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 15 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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